Though it was reported last week that the movie remake of Gypsy starring Barbra Streisand had been canned, new reports reveal that Universal Pictures is still very much interested in the pic AND that a deal is close to being made.

Furthermore, nothing has changed! Arthur Laurents is still on board! Stephen Sondheim is tickling the ivories to prepare as we speak! And most importantly…Streisand’s still in as Rose!!!

Everything's gonna be bright lights and lollipops!!! We're so thrilled!!!

No. I'm not excited. As much as I love Barbra (and I do), she is so totally wrong for Rose. No one with half a brain will believe she has a 10 year old child…even a 25 year old child. Maybe if they use the Lucille Ball "Mame" filter they can pass her off and 50. Maybe a Sunset Boulevard musical film with her as Norma Desmond. That might be a better idea.